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Off market
  • $2,685,700

    2009-2047 Salam Loop, Ferndale, WA 98248

    --beds
    --baths
    12,000sqft
    Multi Family
    Built in 2022
    -- sqft lot
    $2,685,700 Zestimate®
    $224/sqft
    $-- HOA

    What's special

    Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car plus workshop/storage. Highly efficient units features heat pumps w/AC. Private washer/dryers. Leases are signed & management company is available to manage everything. Building improvements have 8-year tax exemption, so very low expenses. This is new construction with over a 6% cap rate! Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access. Fannie Mae guidelines now allow investor financing w/as little as 5% down! All 3 buildings available separately as well.

    Zillow last checked: 7 hours ago

    Source: John L Scott Real Estate,MLS#: 2146610

    Facts & features

    Interior

    Heating
    • Electric
    Features
    • Cable Ready
    • Flooring: Carpet
    Interior area
    • Total structure area: 12,000
    • Total interior livable area: 12,000 sqft

    Property

    Features
    • Patio & porch: Deck
    • Has view: Yes
    • View description: City, Territorial
    Lot
    • Size: 0.39 Acres
    Details
    • Parcel number: 3902200240150000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Composition
    Condition
    • Year built: 2022

    Community & neighborhood

    Location
    • Region: Ferndale
    Services availability